Ministry of Finance and Economic Management (MFEM) Strategic Plan 2022-2026.

The Ministry of Finance and Economic Management (MFEM) Strategic Plan is a national policy covering the period of 5 years between 2022 and 2026. The key priorities of this Strategic Plan are: (I) securing a strong and sustainable economy; (II) restoring sustainable public finances; (III) providing leadership to strengthen the Cook Islands public sector; and (IV) strengthening MFEM’s connectedness and capacity.
This Plan lays down strategies to achieve strong and sustainable economic and fiscal outcomes for all Cook Islanders and performance measures for each of four key priorities. The negative impacts of Covid-19 are addressed in this Plan. The MFEM will manage the immediate impact of the pandemic and ensure post-pandemic economic recovery, in order to enable better social and economic outcomes for all Cook Islanders and reduce the extent of economic scarring. Measures will be taken to reverse the economic damage caused by the pandemic and put in place the foundations for long-term sustainable and strong economic development. Core public services will be maintained and investing in critical infrastructure will be ensured while reducing public debt and deficits over time. External financing options, including climate change finance, will be maximized to fund sustainable development projects. The public sector will be strengthened to improve outcomes for the community together with a particular leadership role in driving improvements in the quality of public sector financial management. The skills and expertise of the staff of the MFEM will be enhanced to deliver the best quality service to the Government and the community.